Economy

Thursday, November 15th 2012 - 06:38 UTC
“A modest tax increase on the wealthy is not going to break their backs” said Obama

President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.
Thursday, November 15th 2012 - 02:16 UTC
Contacts with Ghana navy help restore water and power supply to ARA Libertad

Ghana port authorities, GPHA, on Wednesday re-established water and power supply to the Argentine Navy flagship ARA Libertad retained in Tema, according to naval sources from Buenos Aires.
Thursday, November 15th 2012 - 00:13 UTC
Austerity unites Europe: millions turn out disrupting services and clashing with police

Millions took to the streets across Europe in a co-ordinated day of protest against austerity measures. The European Trade Union Organisation says austerity is a “total dead end” and called for industrial action across 23 countries.
Wednesday, November 14th 2012 - 23:44 UTC
Holdout bonds’ ruling: Argentina files a retrial petition at the US Court of Appeals

Argentina filed on Tuesday a petition for a retrial at the US Second Circuit Court of Appeals over a debt ruling that would force the country to pay holdout creditors owning bonds in default since 2002.
Wednesday, November 14th 2012 - 07:08 UTC
Petrobras strikes oil and gas in extreme south of Argentina at the Springhill field

Petrobras Argentina reported this week that it made a new oil- and gas-field in the northern area of the Puesto Peter franchise, which is located in the Patagonia province of Santa Cruz.
Wednesday, November 14th 2012 - 07:06 UTC
“Congress Index” inflation in Argentina climbs 1.82% in October and 24.62% in twelve months

Argentine opposition lawmakers revealed on Tuesday October’s inflation index based in the analysis of nine private agencies, which showed a 1.82% increase over the previous month and 24.62% in the last twelve months.
Tuesday, November 13th 2012 - 23:04 UTC
Brazil orange shipments to EU suspended after samples of black spot fungus found

Orange shipments from Brazil to the European Union were suspended after EU officials found samples with black spot fungus, a Brazilian government official said.
Tuesday, November 13th 2012 - 23:00 UTC
US public opinion pessimistic about a political agreement on the ‘fiscal cliff’

A majority of Americans expect the US to go over the fiscal cliff at the beginning of 2013 and would blame Republicans if that happened, according to a poll published Tuesday. On Friday Democrat and Republican congressional leaders are scheduled to begin discussions.
Tuesday, November 13th 2012 - 22:53 UTC
Argentines and Brazilians pay the most tax in Latam, says OECD

Argentines and Brazilians pay the most tax in Latin America while Venezuelans pay the least, according to a report from the Organisation for Economic Co-operation and Development (OECD), released on Tuesday.
Tuesday, November 13th 2012 - 20:51 UTC
Latam rapidly turning into middle class continent, says World Bank

A World Bank report released Tuesday found that Latin America and the Caribbean registered a 50% jump in the number of people joining the middle class during the last decade, which was called by economists an historic achievement for a region long exposed to wealth inequality.